Another day, another companies published their results. This time it was Tesla and facebook
1) Despite selling more cars than ever, Tesla is still struggling to prove it is profitable and has suffered a series of high-profile exits. JB Straubel, the CTO, will be replaced by the vice-president of technology, Drew Baglino, Elon Musk, Tesla’s CEO, announced on a call with investors on Wednesday.
2)Facebook reported better-than-expected earnings and revenue on Wednesday as advertisers continued flocking to the site. Shares were up more than 1% in premarket trading on Thursday. User growth at Facebook, which owns Instagram and WhatsApp, was in line with expectations.